A popular crypto strategist known for his timely altcoin calls says that Ethereum (ETH) and decentralized oracle network Chainlink (LINK) are setting the stage for a big move to the upside.
Pseudonymous analyst Altcoin Sherpa tells his 184,900 Twitter followers that the leading smart contract platform is trading within a tight range as it gears up for a potential 38% surge.
“ETH: still confident this goes to $1,600-$1,800 for the next big move.”
At time of writing, Ethereum is swapping hands for $1,400.
Looking at Chainlink, Altcoin Sherpa believes the Ethereum-based altcoin will also break out of its narrow range and ignite a huge rally.
“LINK: stablecoin for now but it’s going to move hard to the upside when it starts. Decent mid-term investment, in my opinion.”
At time of writing, Chainlink is changing hands for $7.07, down over 3.4% on the day.
While Altcoin Sherpa is bullish on ETH and LINK, he doesn’t hold the same outlook on Ethereum rival Avalanche (AVAX). The crypto...
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